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, everybody. as howard mentioned, a big report about the tax components of the fiscal cliff and what the effects could be on american households. i want to make five basic points that we raised in that study. the fiscal cliff really is big. it would be more than $500 billion in a tax increase. this works out to a tax increase of more than 20%, which is very large. looking at whether this would be the largest tax increase in history. for the average household, that works out to about $3,500. someone who earns around $50,000, it would be somewhere in the neighborhood of $2,000. the second point is it affects virtually everybody. close to 90% of households would see their taxes go up. there are a few folks out there, primarily older seniors and citizens who do not have children who might not be affected, but the vast majority of american households would be affected by going off of the cliff. the first order for business is running through what the effects will be. those of you in the room have a handout that summarizes things. those of you at work and at home should be able to find thi
. david: also one of america's greatest living economists tom sowell will join us with his take on the tax debate we'll hear about tonight. lauren: we'll tell you what drove the markets today with the data download. stocks edged higher on stronger than expected economic reports. all three major indices closing in the green but well off of session highs. eight of the 10 s&p sectors posting gains. telecom and consumer discretionary were the top performers today. we saw fallback in energy as well as materials. those lagged. the payroll services firm, adp, said the economy added 162,000 private sector jobs last month. that topped estimates of 143,000. now the august number, that was revised down by 12,000 to 189,000. of course we have to look ahead to the big government jobs report to flesh this all out on friday morning. >>> the services sector that expanded at its fastest pace in six months in september boosted by a pickup in new orders. the institute for supply management nonmanufacturing index that looks at 18 services industries increased to 55.1 last month from 53.7 in august. david: all
actually, it is a bit more than that. but we do not need is a tax increase that will cost us 700,000 jobs. two years ago, the president said you do not want to raise taxes in a bad economy. the economy was better than that it is now. ladies and gentleman, this is a big choice. it is not only about taxes. it is about freedom. it is about our principles. it is about our country. it is about the idea of our country. america is so much more than a country with a flag. it is an idea. these ideas make us who we are. they make us special. i will see something that in washington is considered out of date or wrong, and it is this -- america is an exceptional nation. we are not afraid to say so. [cheers and applause] >> usa! usa! usa! >> we have a chance to get ourselves on the right track. we have a chance to vote for someone who will protect our freedoms. he will lead to protect our religious freedom. he will protect our second amendment rights. ladies and gentlemen, right here in virginia, we have a big choice to make. america has a big choice to make. america will make the right choice
material. >> how they can justify raises taxes on the middle class that's been buried the last four years. >> i'm sorry, which candidate is he campaigning for? i'm confused. >>> had hillary clinton put together an investigation for the attack on the u.s. consulate in libya. >>> american airlines plans to check at least 11 more planes for loose seats. clamps have caused the seats to come loose on three flights. >>> hit by a car, stuck in its grill and managed to survive. >> the luckiest dog i've met. >>> now cops looking for the woman who did it. >> leave manatees alone. don't be grabbing dolphins either. >>> until tonight. >> swing and a miss and he strikes out. >>> all that -- >> even if you don't get -- >> i know. >>> pay back its debt in full immediately. >> and all that matters. >> you know nothing about me but what you see on the outside. and i am much more than a number on a scale. >>> on "cbs this morning." >> presidential candidates who blink less during a debate are more likely to win the election or as michele bachmann put it, any way i can get back in this thing? hey! thing? he
federal income taxes. >> this whole campaign is about the 100%. >> you want to be president, you owe the american people the truth. >>> dozens of american airline flights are canceled. the latest fallout from a seat scare on several flights. >>> gas prices are going up across the country, but in california, they're soaring to a panic level, hovering near the $6 mark. >> oh, my god, i've never seen it so high. this is unbelievable. >>> get a look at this, the first snow of the season, making a mess across the upper midwest. >> we're excited. >>> sucker punch, camera inside a city bus. >> that bus driver becomes the target of an angry fare jumper. >> oh! >>> james bond made his big screen debut 50 years ago. >> back in england, everybody gets a day off. >>> bradford is going to go deep. and how about that? >> did you really need to call barack obama the president of the united states lazy? >> yes. >> and all that matters. >> he hasn't done this poorly since he debated clint eastwood. >> campaign and their supporters debated the president's poor performance on ev
-related. when we spoke with sapd within the past hour, the officer wondered if the city's still had its gang tax force if that task force was still intact. a group of friends were celebrating one of their birthdays outside a house. one of them tells us two member, gang members, he believes, barged into the party and shot and killed his friend. a man in his 30s with a wife and child. he doesn't understand why his friend would be targeted, says he wasn't a gang-banger. described him as being too old for that kind of lifestyle. >> we were hanging out. there was no gang-bangers involved. there was nobody that gang-bangs here with no colors whatsoever. just outside barbecuing. all you hear is about three to four guys outside koog barbecue, run into the house. and you hear, shots fired! the guy who got shot dropped in the floor. >> i grew up around the corner from the homicide out in dobern. this is the worst spike in violence i've seen in the time that i've been living here. and growing up in that area, we were exposed to violence. but it's something i've never seen. >> reporter: about four hours ear
taxes if congress fails to renew tax cuts set to expire at the and of the year. the two major parties are split on exactly who should continue to have reduced taxes. if a plan is not passed by the end of the year, the existing tax cuts will come to an end. the tax policy center says as for an example here a family earning 40,000 to $6,000 a year could see taxes go up by 2,000 in 2013. >>> the young man who was involved in deadly sniper a tax in the d.c. area is talking from prison. lee boyd malvo took part in the shootings that began 10 years ago today. 10 people in all were killed. malvo was 17 at the time and laughed about the shootings when he was arrested. now he is talking in a different tone from a virginia prison where he is serving a life sentence. i was a monster. i mean, if you look at the definition of a monster, that's what a monster is. >> malvo got a life sentence instead of death because jurors believed he was under his accomplice' control during the crime. >>> american airlines has engineers in new york checking the seats on eight boeing 757 jets. the inspections came
in order to get proposition 30, the tax measure that he wants very badly to win in november. so, how did he balance his act? >> as you might recall, many years ago, jerry brown expostulated the canoe theory of politics. you paddle on the left, you paddle on the right and you more or less go down the middle in an erratic sort of way. and that's how he approached the legislation that reached his desk this year. he paddled a little on the left, paddled a little on the right. he gave the interest groups a little something here, a little something there. but he didn't give them everything they wanted. and ipd think really what was underlying all of this is not just a essenticentrism, but he want to rock the boat. he didn't want anything to have reverberation to echo and to maybe alienate significant blocks of voters that might look poorly on him, on the capitol, on the legislature. he was saving the legislature from itself in many ways, because what he really wants to happen is the voters to pass his tax increase and anything that would cause great controversy and perhaps damage his image damage
on tax, healthcare and foreign policy. president obama and romney face off tomorrow night in denver. the stakes are especially high for romney when it comes to women voters. we'll have more on that at 7:15 when we go live to our washington, d.c. bureau. >>> the oakland as beat the texas rangers, 4-3. the as are heading back to the playoffs for first time in six years. [ cheers ] >> struck out all three batters at the top of the 9th. the celebration started. that means at the very least, the as clinched one of the two american league championships. the celebration moved into the clubhouse. the champagne, the beer was knowing. the players started dancing, too. coco crisp played a big role in the game, doubling in the go- ahead run and epscoreed the eventual run. you know, you wouldn't think that all of these rookies would be doing something like this but they have better mentality and they have this useful spark. >> yeah. the as have two games left, tonight and tomorrow afternoon. the now -- they are now one game behind texas. if they win both against the rangers the as will be the we
her accident on securing the worlder, john lewis on excise tax when it comes to the telephones. so i have a long list, a long career and history of working with both sides of the aisle because i believe at the end of the day if we're going to solve the problems facing this nation, facing the state of nevada -- high unemployment, high foreclosures, businesses going bankrupt -- if you're going to solve those problems, republicans and democrats are going to have to come together to solve those problems. >> moderator: congressman berkeley, you have a minute. berkeley: i think it's important we do work together, and on many issues we co. do. one of the things i recall working across party lines was for the elimination of the estate tax. i worked with mr. brady who sits on the ways and means committee with me. that's also crossing party lines and breaking with my own party to make sure that we do what i think is right for the american people. um, b one of the issues that's very important that we talk about a lot is jobs and making sure that we provide an environment where we can create goo
week with payroll tax. for a baby boomer that's about $60,000 before they retire. for millenniums, it's going to be even worse. these are real costs at the kitchen table. and obviously as newt gri noted, romney's plan is daz 5 trillion tax plan. it is heavily weighted towards the top. i think voters are smarter than mitt romney thinks and i think they're going to want to know the real facts. >> let's talk about virginia specifically here. this is a state where, where the race is extremely tight right now. the latest nbc news/"wall street journal," marist college poll showing 48% of likely voters supporting the president, 46% supporting governor romney. that's a virtual tie there. you can also see that governor romney gained two points from september. the president lost one. you are an expert of sorts on virginia politics. what does the president have to do to regain momentum in the commonwealth? >> well, i think he's got to keep focusing on what this means at the kitchen table in virginia. his plan is good for the middle class, romney raises taxes on the middle class. for current seni
in criticizing the president's policies and defending his own proposals. >> he has been running on this tax plan for 18 months. now, five weeks before the election, he is saying that his big, bold idea is never mind. >> reporter: romney pushed back. >> let me repeat what i said. i'm not in favor of a $5 trillion tax cut. that's not my plan. my plan is not to put in place any tax cut that will add to the deficit. >> reporter: the president argued he inherited a bad situation and said it was getting better. >> over the last 30 months we've seen five million jobs in the private sector created. auto industry has come roaring back. and housing has begun to rise. >> reporter: and hit romney for not providing specifics. >> at some point i think the american people have to ask themselves is the reason that governor romney is keeping all these plans to replace secret because they're too good? is it because that somehow middle class families are going to benefit too much from them? >> reporter: often pulled his punches and never mentioned lines of attack that have been effective in his ads, like romney's
. >> how they can justify raising taxes on the middle class that has been buried the last four years. >> reporter: it didn't take long for republican vice presidential hopeful ryan to pounce on that comment. >> vice president biden just today said that the middle class over the last four years has been "buried." we agree. >> reporter: the latest poll shows the race for president is still close. which means every word and gesture tonight could impact the election. after a couple of coin tosses last night we learned president obama will be taking the first question. mitt romney will deliver the final closing argument. brandi hitt, abc7 news. >>> do we expect things to be cordial tonight or sniping? >> reporter: i think they are going to be a lot of attacks tonight. the big focus is on domestic policy and the economy. they've been going back and forth delivering a lot of tax on the economy. the big question is you will see those great one-line jabs from either candidate. they can be great but they can also backfire. it depends on the body language and reaction. a lot of lot of the polit
right. all right. coming up new at 10, joe biden, he says yes we do, to a 1 trillion dollar tax increase. and we'll show you exactly what he said at the top of the hour, back to nicole, the dow shrugging off the jobs report. maybe it likes the jobs report. i don't know. tell me what the winners are, 'cause we're up 68 on the dow. >> i'm dying to stick to the facts after the jobs report which brought so much uncertainty and chatter here on wall street and i could so easily deliver you dow winners including names like alcoa and j.p. morgan, caterpillar, cisco, we've watched the financials do very well, stuart. a lot of people. ted weisberg of seaport securities will say watch the financials, they tell you about this market. bank of america, this week, is up 9%. and that makes everybody feel good, right? probably all of those mutual funds that you probably own, bank of america is a big one. up 9% this week. stuart: okay. and let's not forget, warren buffett has the right to buy, i think, over 900 million shares of bank of america at $7.14 a share. so, if he bought them at that price now, al
of this agency, and the role of tax increment financing, which is what we're really talking about. in 1989 the old imperial redevelopment agency was done in by this board of supervisors when it allowed the use of tax increment financing subject to fundamental and basic changes in the structure of the redevelopment agency. and it has been that agency from 1990 on that we're dealing in terms of this successor agency. it is important to understand that the board of supervisors insisted that for the use of tax increment financing, understanding during the battle days of urban renewal no tax increment financing was allowed. the point is that the board of supervisors insisted on its direct control, including land use controls that i believe exist in this ordinance and in the amendments proposed by the council of community housing organizations. i would be happy to answer any questions, if there are any. seeing none, i will go. [ laughter ] >> we may have them later for you. thank you. next speaker. >> thank you. thank you, mr. president. members, my name is arnold townsend and i just wanted to
. >>> taxes for nearly nine out of ten americans will rise by an average of $3500 a year if congress doesn't avert the so- called fiscal cliff. a study by the tax policy center finds the average tax bill will go up by 20% in 2013 if lawmakers allow a lift of cuts to expire at the end of the year. economists warn the tax cuts combined with automatic spending cuts could throw the fragile u.s. economy back into a recession. >>> next month maryland voters will decide whether or not hundreds of students can afford to go to college. critics claim the dream act rewards illegal immigrants by giving them in state tuition rates. >> but supporters say it's only fair to give some people a path to fulfill their dreeps. >> this is a chance -- dreams. >> this is a chance for me to go to the university of maryland. >> reporter: he is a dreamer. >> to become a doctor and give back to society. probably i could be saving your life in the future. >> reporter: his parents brought him to the u.s. at 12. he graduated from kennedy high school, earned straight as at montgomery college, was diagnosed with bone canc
. >> reporter: it was a debate full of numbers and domestic policy details. >> if the tax plan he described were a tax plan i would support, absolutely not. i'm not looking for a $5 trillion tax cut. >> now, five weeks before the election, he's saying that his big, bold idea is, never mind. >> reporter: george, up until last night, the obama campaign had succeeded in turning this from a referendum on president obama to a choice. and they were painting mitt romney as an unacceptable alternative. but that dynamic seemed to change last night. it seemed to be very much a referendum on president obama. and mitt romney presented himself as a credible alternati alternative. george? >> that's what mitt romney wanted. >>> let's get the view from the romney camp right now. david muir covers the romney campaign. and as we said, the polls giving mitt romney the win overnight. clearly, the romney team is happy. how do they capitalize on it going forward? >> reporter: i have to tell you, george, in talking with a key adviser overnight, one of the things i was struck by was he said our supporters are going to
about the 47% of americans who don't pay federal income taxes. he told fox news his life has shown that he cares about 100% of americans. more in about 15 minutes. >>> this morning the woman charged with ditching her daughter after a botched shoplifting attempt is sitting in santa clara jail this is marcy keelin's mugshot. cameras were rolling when she stepped out of a list car in san jose yesterday after being extradited from nevada where she had been hiding. investigators say she sped off leaving her 10-year-old behind after workers at a safeway store in morgan hill spotted them stealing. she faces burglary and child endangerment charges. >>> is if expected to be over -- san francisco has several major events taking place, police will be patrolling all over they. they say you can take precautions against becoming a victim. ama daetz has more. >> reporter: san francisco is teaming with sailors, military and otherwise. america's cup racing and fleet week are two of several major events this weekend. huge crowds expected to congest city streets and more people sometimes means more c
: washington think tank says if congress can't reach agreement on extending tax cuts 90% will see hikes averaging $3500. jpmorgan chase sued nor massive fraud during the mortgage crisis. it focuses on improper practices rather than a specific deal. "toys r us" -- toys "r" us is going to match competitors instore prices customers will need to show print ads the offer does not include online deals. honda recalling 600,000, 2003 through 2007 accords with v6 engines. don't worry about a bacon shortage industry says those are you ready ? share everything by turning your smartphone into a mobile hotspot for up to 8 wifi-enabled devices at no extra charge. like the new droid razr m by motorola only $99.99. mom, pop it. ♪ two inches apart, becky. two inches. t-minus nine minutes. [ ding ] [ female announcer ] pillsbury cinnamon rolls. let the making begin. ♪ too bad the guys aren't here we're clear. ok, swarm! swarm! hello [ female announcer ] pillsbury chocolate chip cookies. let the making begin >>> good tuesday morning. san francisco you can look across the bay to oakland and you can see
this year a county appeals board rejected chevron's appeal of the 2007- 2009 property tax bill and it ordered the company to pay $27 million more in taxes. a chevron spokesperson tells ktvu the company is currently in mediation over a tax assessment going back to 2004 and is hopeful for a fair settlement. >>> a while fire in mendecino county has burned through five structures. it's called the flim fire. it started yesterday afternoon and has burned through 300 acres. firefighters say most of the land is commercial timber property. but about 20 structures are in potential danger. now we just checked for the latest information from calfire, the agency says this fire is 25% contained. >>> investigators are still in the scene of a fire that destroyed three homes. the fire started about 5:00 last night near highway 116 and highway 101. near cotati. the fire left several people homeless including a couple that was supposed to get married this weekend. investigators are still trying to figure out what caused this fire. >>> today the los angeles city council voted in favor of repealing
-class taxes and stimulate the economy." >>> meantime republican presidential candidate mitt romney campaigned today in florida. romney says the president's policies would "kill the american dream," and the way to ensure a brighter future is cut government spending. behind the scenes campaign workers worked towards the goal of contacting 2 million voters by phone in florida as well as other swing states. >> a republican congressman from georgia is making national headlines today. after comments he made about his religious beliefs were posted on a church website. >> evolution big bang theory, all of that is lies, straight from hell. >> representative paul broun made those comments at a baptist church in georgia. the church has since removed the video, but the bridge project, the political watchdog group reposted the video. broun is a medical doctor and said cites on the house committee of space and technology. he is running for re-election, unopposeed. >>> volunteers from the yes on proposition 30 campaign gathered this morning in front of mcclymonds high school. the measure is backed by gov
taxes on wealthy citizens. germany could be next. thousands of people across germany turning out in force this weekend. pushing for new taxes on wealth and financial transactions. demonstrators demanding a fair redistribution of wealth to combat a widening income gap. despite those protests in germany, european markets were higher today. but markets here in the u.s., well, they couldn't hold on to the bigger gains. although 70 points, bob pisani, not a bad return for day one of the forth quarter. >> yeah, i thought it was okay. the reason for the rally, folks, the new orders component of the ism, first data we get on september, was better than expected in growth territory. i thought that was good, modest rally. we were up much, much more earlier on. take a look at the dow jones industrial average. mr. bernanke came on, gave an interesting press conference, didn't say anything new bullet sort of sold into him as he came on and never really regained the earlier leads we had in the day. a couple of on observations, mar maria. the major sectors, the dow was up but well off the highs
: fees, taxes and regulations and none of them needed? it's why small business owners say they're being forced to close shop across the country. one lawmaker is fighting back. he's next to explain. and a teenager getting the last laugh after her track mates pulled a cruel joke on her. the inspiring homecoming story coming up. ♪ [ "human" by the human league playing ] humans. we mean well, but we're imperfect creatures living in a beautifully imperfect world. it's amazing we've made it this far. maybe it's because when one of us messes up, someone else comes along to help out. that's the thing about humans. when things are at their worst, we're at our best. see how at liberty mutual insurance -- responsibility. what's your policy? droid does. and does it launch apps by voice while learning your voice ? launch cab4me. droid does. keep left at the fork. does it do turn-by-turn navigation ? droid does. with verizon, america's largest 4g lte network, and motorola, droid does. get $100 off select motorola 4g lte smartphones like the droid razr. and every day since, two year
of the this morning's headlines from around the globe. "new york times" reports payroll tax increase is likely in the cards for next year. a temporary tax holiday ends january 1st. according to the times there's little desire by republicans or democrats to extend it. some 160 million americans will probably see their taxes jump by about $1,000. >>> britain's guardian reports a russian court has put off today's appeal by a russian punk band. three members of this group were sentenced to two years in prison for performing a song in a cathedral criticizing russian president vladimir putin. the case is now scheduled to be heard next week. >>> the los angeles times says governor jerry brown signed a new law sunday allowing hundreds of thousands of young undocumented immigrants to have >>> we are looking at a hot one around the bay area. the sun coming up. a gorgeous shot. getting up and looking outside. beautiful weather all the way to the coastline. the temperatures for the most part are mild. 50s and 60s. down to 49 right now in santa rosa. that will change though looking toward the afternoon. 10
-pupil funding. now these politicians say unless we send more tax dollars to sacramento, they'll cut education again. here's a new approach. prop thirty-eight sends billions in new education dollars straight to our local schools, and guarantees the politicians can't touch it. thirty-eight will restore the education cuts from sacramento. so remember this number. restaurants. >>> date night at a discount? a simple phone call can save you money even at real nice restaurant as soon as and it doesn't involve coupons. nobody at your table would even know. consumerwatch reporter julie watts lets us in on the big secret. >> reporter: it's 12:30 on a wednesday afternoon, and this restaurant is packed. but what most diners don't realize is the same reservation the day before would have saved them 30%. >> you have to come back? >> reporter: this is one of a growing number of discounts discounting based on the time and day. >> you going out anyway, so change the time a little bit. we are an hour earlier or later, and you can get up to a 30% discount. >> reporter: chaya's manager says that 10 to 15% of the
for it. now these politicians say unless we send more tax dollars to sacramento, they'll cut education again. here's a new approach. prop thirty-eight sends billions in new education dollars straight to our local schools, and guarantees the politicians can't touch it. thirty-eight will restore the education cuts from sacramento. so remember this number. thirty-eight. on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ ,,,, appeal award two years in a row. of the hottest temperaturesf >>> a little taste of summer at the dawn of october. the bay area is roasting in some of the hottest temperatures of the year. even san francisco topped 90 degrees. cbs 5 reporter, on this late- season sizzle. >> reporter: it d
ticket's tax plan. >> how they can justify raising taxes on the middle class that's been buried the last four years. >> reporter: the romney campaign pounced on the word buried. campaigning in iowa, paul ryan fired back. >> vice president biden just today said that the middle class over the last four years has been, quote, buried. we agree. that means we need to stop digging by electing mitt romney the next president of the united states. >> reporter: later, the vice president did some damage control, clarifying his remarks. >> the middle class was buried by the policies of romney and that ryan supported. >> reporter: 24 hours before the start time of tonight's debate late tuesday, conservatives began circulating a 2007 speech by then candidate obama speaking to an african-american audience about victims of hurricane katrina. fox news host sean hannity prominently featured the video as a gotcha moment. >> it contains some of the most divisive class warfare and racially charged rhetoric ever used by barack obama. >> reporter: nbc, along with several other media outlets, covered the same s
consumer grocery bill, state fair tax costs, labeling that make no sense and the most pernicious provision is the ability for the attorneys to file a lawsuit without proof. >> if this comes under the jurisdiction of the courts anyway, don't you think it's going to get tossed. >> right now, it's being passed. >> you can take it to court and say you don't have the ability to enforce it. >> first order of business is to not get to it that point. we hope to see it on november 6th. we believe that the more people know about proposition 37, the more they will reject it. they don't want shackdown lawsuit. and the measures don't make any sense overall. kathy fair banks, spokesperson for the opponents of prop 37. >>> and we have some music fessville going on despite some heavy hearts. ,,,,,,,,,,,,,, strictly bluegrass festiva'n san francisco's golden gate park. organizers expect more than 800-thousand people to >>> the hardly, strictly blue grass festival in san francisco golden gate park. organizers expect more than 800,000 people to attend over the three days of this event. today is the final day
, and a slightly cooler day. 71 for santa rows tax 70 degrees for mountain view, low to mid-60s in the city of san francisco. at some point, some scat may enter the picture -- some scattered showers may enter the picture. we get into monday night, maybe a few sprinkles over tahoe, occasions of the system off the coast, moving -- occasions of the system off the coast moving in. we are still from too to four -- two to four days out. looks like the best shot, temperatures not budging a lot. low to mid-70s in the forecast inland. low 70s at the coast. >>> just a few hours, the opening ceremony for oktoberfest will get underway. oakland mayor will help kick off the event which begins at 11:00 a.m. it's happening at the intersection of fruit vail avenue and mcarthur. >>> president obama heads back to california tomorrow morning. the list of hollywood celebs helping him raise money, plus a 49ers star who is expected to attend a big fund raising bash. >> the ripple effect of california's record high gas prices. lots of prepaid cards come pre-filled with problems. enough is enough. introducing the chase li
unless we send more tax dollars to sacramento, they'll cut education again. here's a new approach. prop thirty-eight sends billions in new education dollars straight to our local schools, and guarantees the politicians can't touch it. thirty-eight will restore the education cuts from sacramento. so remember this number. thirty-eight. >>> stock prices pressing higher. the institute for supply management says manufacturing has grown for the first name four months. however, u.s. construction spending fell .6% in august. but housing activity still posted a solid gain. the dow is currently up, 149, the nasdaq is up 19, s&p up 13. >>> women are now major players in the world of mobile video games. the new research shows 60% of players on mobile devices are female. the study shows they prefer multi-player games like words with friends and win or draw. >>> another study, this from the pew research center says half of all american adults own a computer or a smartphone. more than a third of -- third of them look at the phones to look at news. >>> the new ktvu iphone app is ready to download. >>>
of fifty in per-pupil funding. now these politicians say unless we send more tax dollars to sacramento, they'll cut education again. here's a new approach. prop thirty-eight sends billions in new education dollars straight to our local schools, and guarantees the politicians can't touch it. thirty-eight will restore the education cuts from sacramento. so remember this number. thirty-eight. >>> very calm conditions out there. humidity is up. that's one good sign if you are looking for cooler weather. not much of a west wind yet. the fog is stillaways away. all signs point to cooler weather. 70s, 80s and 90s inland. >>> 7:15. well, in election news, republicans trying to revive president obama's ties to controversy pastor to jeremiah wright. alison burns is live in washington, d.c. to tell us how an old video is surfacing before the first debate. >> reporter: dave, the romney campaign insists it had nothing to do with releasing this video but conservative talk show hosts are making a very big deal about it, showing it -- saying it shows president obama engaged in a divisive class warfare
, problems in congress, problems with tax code, the problems in our government, the administration. also, listen, bernanke said -- >> maria, the fact that everyone's saying -- >> we didn't see 2008 coming either. >> the fact that everyone is saying qe is not having any effect means that they really are missing the boat. there was $3 trillion worth of corporate issuance in the year to date so far. $1 trillion worth of bonds were sold by corporations. that reduces, obviously, betters their balance sheets, reduces their rates so for the next ten years these corporations are going to be having the benefit of cheap money. 150 or 100 basis points over treasuries to issue cash, that's a great deal. using that money to buy back stock, using that money to pay dividends. tom lee had a great piece that said the outstanding shares of the new york stock exchange are as low as they have been in 1990. what's happening is you have a run-up to qe. the market anticipates that so of course the response is going to be muted to the qe. subsequent months later we then see the market continue to grind higher.
had hoped, tax free. i'm very proud of the team, including my ex-cfo. they really put together a good plan with alibaba. which ever way they do it, probably share buy back, i actually have no idea, that's good for the shareholders. >> you know, it seems to me that it's a real crux or sort of a dilemma that you face when you're in technology and sort of a proponent of, you know, information flow across the world and dealing with a government that withholds information. how do you balance that? of course, i'm talking about the chinese. >> well, that was actually, you know, there were a lot of issues around that. not only with alibaba but also with all of the users in china. to make sure that we were doing the right thing for everyone relative to freedom of information, so that's not going to go away any time soon. it's just going to have many chapters. we're probably only in chapter three. >> what a tremendous fall. i mean, shareholders obviously, yourself included, have watched the company lose a tremendous amount of market value. you think yahoo! can get it back? >> i think they can.
for our schools. now these politicians say unless we send more tax dollars to sacramento, they'll cut education again. here's a new approach. prop thirty-eight sends billions in new education dollars straight to our local schools, and guarantees the politicians can't touch it. thirty-eight will restore the education cuts from sacramento. so remember this number. thirty-eight. i was gonna say it's a perfect time to get out and train your dog agnes. i'm down at christie field and it's really nice down here. time in a short sleeve shirt and a pair of shorts and it's really nice. i don't think it's gonna be as high as it was yesterday but if you are out and about this is a great place to beat the heat. we're going to get into the triple digits release close to an east bay. if you get a chance to come near the water is a great place to being. you can see hall, the bay is it looks like a lake right here. people are getting their morning rounds and all their seven >> we have slowed traffic at the ice 680 southbound into walnut creek. there is an unusually slow ride coming out of antioch this
these politicians say unless we send more tax dollars to sacramento, they'll cut education again. here's a new approach. prop thirty-eight sends billions in new education dollars straight to our local schools, and guarantees the politicians can't touch it. thirty-eight will restore the education cuts from sacramento. so remember this number. thirty-eight.
,000 viewers that liked us on facebook and all of you are eligible to enter a sweep tax extensions to win $49,000. go to and click on the button. it will take you to this button and you can fill out the entry form. we will announce the winner after the 49ers game. look forward to. >> that yeah, i guess we aren't eligible. >> no. but someone will win. >> let's talk about sports. in a few hours the 49ers will try to rebound from last week's disappointing loss when they battled the new york jets. the raiders travel to denver to face the rival broncos. oakland a's magic number to clinch a wildcard now stands at three of a another dramatic walk off victory yesterday at the coliseum. here's mike shumann with the highlights of the big win over the mariners in this morning's sports. >>> good morning. well, the a's are the drama queens of baseball this season. they get a lead. they blow it, they tie it up and win it with a walk-off in extra innings. that drama continued yesterday against seattle as the a's get closer to clinching the wildcard sot. every game is important for bob
. the park is the end result of $400,000 project funded by a fund raiser and tax dollars. there are more parks on the way. a great time-out there yesterday. the weather just perfect, lisa. >> yeah, a little warmer today and that's due to the shrinking marine layer and less of an on shore push. today numbers of coming up a couple degrees at our coast, anywhere from five to seven degrees warmer in our inland valleys of the east bay. that brings more upper 90s from livermore to concord. i will say 75 today in the city with numbers climbing to the 80 eats in east bay. >> looks good. that's going to do it for us. thank you for joining us on the abc7 sunday morning news. i'm carolyn tyler along with lisa argen. abc7 news continues at 9:00 this morning. we want to remind you about our exclusive alarm phone app for the i-phone. download it free and wake up t
who don't pay federal income taxes. romney told fox news his life has shown that he cares about 100% of americans. >>> san francisco is expected to be overrun with visitors this weekend with several major events taking police and police will be patrolling all over the city trying to keep trouble to a minimum. crowds coming to watch are two of several major events going on. police say people should be alert in crowded situations and protect their purses and pockets. your phone may be the most attractive item nor thieves. >> if you are going to -- use your cell phone put it in your pocket like you would your wallet you wouldn't walk around with wallet and cash out don't do it with a three to five hunt dollar piece of electronic equipment. >> police say take steps to prevent yourself from becoming a victim. >>> giants holding rally outside at&t park today to get ready for post-season play this weekend. fans are encouraged to wear orange and pick up a flag. giants went through a light workout yesterday in preparation for the series. they will face the reds. the giants went through their
. it's not a plan for our economy. >> they plan on raising taxes on american people and that will kill jobs. we will not let that happen. we want to create jobs not kill jobs in this country. >> reporter: we are going to get quick reaction from both candidates this morning as they campaign in virginia. reporting live from washington, d.c. alison burns. >>> time right now 5:125. a professional parachuter is being -- laveran went sky diving to celebrate her 80th birthday. she almost fell out of her harness but she landed safely. the faa is fining dennis mcglen $2200 for improperly fitting that harness and improperly leaving the aircraft. >>> woman from morgan hill accused of abandoning her ten- year-old daughter during a shoplifting attempt is now in jail. here is new booking photos of marcy erico. she fled to nevada after abandoning her daughter while trying to shoplift at a morgan hill safeway last month. her daughter is staying with her grandmother now. child protective services is making arrange thes to -- arrangements to bring back her 11-month-old son from nevada. >>> the mail thef
don't pay federal income taxes. romney told fox news last night that his life has shown he cares 100% about people. >>> mitt romney's wife ann has been booked as a guest host on "good morning america" next week. she will fill in for robin roberts who is on extended medical leave. the appearance is set for next wednesday, abc news is in discussions with the first lady for a similar appearance. >>> are you doing your holiday shopping early? if you are, chances are you are worried about the economy. >> jane king is live at the new york stock exchange with that and investors seem to be liking what they are seeing in the jobs report, right? >>> in september according to the labor day falling to 7.8%, the labor department say 114,000 jobs created last month almost exactly what economists predicted. there's some dispute about those rosey numbers. an analyst says, the number of household surveyed in this report was double normal. he believes that contributed to the drop. and we have ge's former ceo tweeting this morning the obama administration manipulated the numbers to take advantage of th
more tax dollars to sacramento, they'll cut education again. here's a new approach. prop thirty-eight sends billions in new education dollars straight to our local schools, and guarantees the politicians can't touch it. thirty-eight will restore the education cuts from sacramento. so remember this number. thirty-eight. >>> welcome back to the ktvu channel 2 morning news. time right now is 6:13. turkey is demands an emergency meeting. five civilians including three children were killed. syria says it was a tragic accident. but the u.n. security council calls it a violation of international law. turkey retaliated by shelling syrian military posts. the turkish prime minister says he doesn't want to go to war. >>> a film that depicts the osama bin laden man hunt is set to debut two days before the november election. navy seals shot and killed bin laden during a raid at his pakistani compound back in may of 2011. the new film which will air on the national geographic channel. national geographic says the time snot meant to be political. >>> many call it the most important jobs report
tax dollars to sacramento, they'll cut education again. here's a new approach. prop thirty-eight sends billions in new education dollars straight to our local schools, and guarantees the politicians can't touch it. thirty-eight will restore the education cuts from sacramento. so remember this number. thirty-eight. >>> stocks are up after this much anticipated report showed it fell below 8% to 7-point 8% in four years. the report is consistent with other factors that suggest the economy is gaining momentum. taking a look at the big board, dow headed for the first winning week, following two weeks of losses, now up 68. nasdaq up 15. sp up 7. japanese clothing retailer, opens the doors to the public this morning. san francisco mayor will be on hand for the first day of business. the new store -- the new store in union scare will be the west coast flag ship, illuminated rainbow staircase, 77 lcd screens and a virtual dressing room. >>> the local economy is turning around. hotels are setting records. pam cook is in the newsroom with more on the story. >>> san francisco hotels are booking up
, they didn't understand half of it. you were talking tax and medicare and the shifting of tremendous of dollars this way -- trillions of dollars this way and that way. it was the messenger rather than the message and that is how politics is. has been since the days of washington. >> it's true. we'll find out more about the vice presidential debate coming up later on this week and what we can expect in our next half hour. meantime, a double disappointment yesterday for bay area baseball fans. >> you would have to bring that up. >> but, local college football teams on each side of the bay bounced back with double wins. here's more. >> reporter: good morning, everybody. am i going see everybody at the 49er-bills game? i better. it's on cbs 5, post quarter show following that game. and staying for football yesterday. got huge wins at carolina state. we're talking about the baseball play-off. brandon phillips take matt cane deep. the nlds game one last night, the reds were up 2-0. up 5-2. ties run and buster piecey in the 9th and -- buster posey in the 9th and ends it. later on the day, w
than usually taxing. some have called it the term of the century. >> reporter: now three months later the court is back. there are no signs of it cooling down. >> the justices are moving from the frying pan right into the fire. they are tackling some of the most difficult legal questions of the day. across the board probably the biggest term in at least a decade. >> reporter: cases involving the contentious issues of affirmative action, same-sex marriage, voting rights and abortion are all likely to come up this term which kicks off monday. >> there's some very exciting cases already on the docket. there's a lot more in the pipeline that may -- the courts could be making a decision on soon. >> reporter: another set of big decisions will bring even more scrutiny on the chief justice. rumors surfaced that the health care ruling he authored caused a personal rift with fellow conservative colleagues including justice antonin scalia. >> no. i haven't had a falling out with justice roberts. >> no words exchanged? >> no. >> slamming of doors? >> no. nothing like that. >> reporter: the other
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